London hotel investment soars to a five-year high
Portfolio transactions drive activity supported by larger single-asset deals
Hotel transaction volumes in London have soared to a five-year high in 2024 thanks to portfolio deal activity, which was supported by big-ticket single-asset transactions, accordin...
UK office-to-hotel acquisitions hit their highest over the past five years
Rising office vacancy rates drive investors and operators to target empty space for hotel conversions
Office acquisitions with the potential for hotel conversions have been on an upward trajectory, reaching their highest level in the past five years, according to CoStar data.
Limited-service hotels are driving room supply as UK development softens
Premier Inn and Travelodge dominate the construction pipeline
Branded room supply growth is expected to be driven by economy brands, such as Travelodge and Premier Inn, according to CoStar data, despite the segment’s underperformance of late.
Spotlight on Cardiff: Reliance on events makes hotel performance volatile
Fewer events and additional supply have led to a fall in revenue per available room performance
Hotels in Cardiff benefit from event-driven business, though it makes trading performance more volatile, with peaks and troughs throughout the year.
Webinar: beds and sheds outlook for the UK
Watch CoStar’s recent webinar covering trends and insights from the popular living, hospitality and industrial sectors
CoStar earlier this month hosted a webinar, ‘Beds & Sheds: Follow the Herd or Hide Under the Duvet?’ where analysts Grant Lonsdale and Cristina Balekjian highlighted key insights a...
Annual Hospitality Conference Manchester: Optimism returns as trading and hotel investment activity head in the right direction
Operators, investors, and lenders can look forward to ’new horizons’ in 2025
Earlier this month, the industry gathered at one of the main hotel conferences in the UK, the Annual Hospitality Conference (AHC), which has been rebranded this year to incorporate...
Spotlight on Marylebone and Mayfair Hotels: Weekend prices are now more expensive than weekdays
Higher weekend group pricing has contributed to year-over-year improvements in London’s luxury quarter
Average daily rate trends have shifted for hotels in London’s Marylebone & Mayfair submarket, with weekend rates now trending higher than weekdays, according to CoStar data.
Spotlight on Glasgow: A busy calendar of events keeps hotel performance ahead of the UK average
Sporting events like The Open Championship at the Royal Troon in July have been key in boosting revenue growth
Hotels in Glasgow have surprised on the upside in recent months as a busy event schedule in and around the city has supported hotel performance growth, according to CoStar data.
Oasis’ sought-after 2025 UK tour shines spotlight on hotels' dynamic pricing
Transparency key to beneficial guest experiences
Taylor Swift’s series of concerts in the United Kingdom proved to be a sterling success for hoteliers, and next year rock band Oasis will take the stage after a 16-year hiatus for ...
Hotel bookings go ‘supersonic’ following Oasis’ UK tour announcement
Occupancy on the books for hotels in Cardiff reaches approximately 70% nearly a year in advance
Oasis has announced the band's first tour in 15 years would take place in 2025, and fans were quick to react by booking hotel rooms in concert locations.
Scottish hotel markets are the UK’s best performers
Conversely, occupancy and average daily rates have fallen sharply in Cardiff and parts of England
Scottish hotel markets have achieved some of the highest occupancy and rate growth across the UK, according to year-to-July data from CoStar.
Will Oasis fans go as ‘Madferit’ as Swifties in driving up hotel prices?
Taylor Swift’s Eras Tour saw room prices almost double in Edinburgh and Liverpool
High-profile concerts have grown as a revenue driver for hotels as consumers increasingly turn to experiences and are willing to pay a price for unique and memorable events.
Hotels in the City Experience Strongest Average Daily Rate Increase in London
Submarkets With a Higher Share of Economy Rooms Are Worst-Hit
Hotels in London have struggled to drive prices in 2024, as average daily rates rose in only two submarkets, according to year-to-July data from CoStar.
High Inflation Has Delayed Impact on UK Economy and Midscale Hotel Demand
Long-Term Trend Shows Similar Patterns in Previous Cycles
Demand at the lower end of the hotel market has started to cool over the past 12 months, as high inflationary growth impacts consumers’ discretionary spending.
UK Hotels Prove To Be a Good Hedge Against Inflation Over the Past Decade
Long-Term Average Daily Rate Broadly Follows the Inflationary Trend Outside Major Shocks
Average daily rates, also known as ADR, for hotels in the UK, have been relatively resilient over the past decade. Between 2021 and 2023, hotels quickly passed on inflationary cost...
London Hotel Investment Volumes Could Be on Course for a Record Year
Hotel Sales as a Share of Office Investment Reach Over 60% for the First Time Ever
London investors are shifting to alternative sectors, such as hotels, as hotel sales are on course to match or surpass office investment for the first time ever, according to CoSta...
Taylor Swift Effect Significantly Drives Forward Bookings in London Hotels This Summer
Luxury and Economy Hotels Set to Benefit Most from Major Events in July and August
Major summer events are expected to bolster London hotel performance in the coming months after a relatively weak period, according to CoStar data.
Scotland and Northern Ireland Hotels Outperform with Double-Digit RevPAR Growth
Wales Hotel Performance Is Weakest as 2024 Reaches Its Halfway Point
Although UK hotel performance has been relatively positive overall, the story may be slightly more nuanced when examining the UK on a country-by-country basis.
Under Renovation Hotel Stock To Add Over 7,000 Rooms To UK Inventory
Asset and Brand Conversion Activity Remains Key for Hotel Chain Development in the Current Economic Environment
Under renovation stock amounts to approximately 7,500 rooms across the UK, with independent hotels dominating this inventory.
Cornwall and Devon Could Suffer as British Travellers Go Abroad This Summer
Outbound European destinations trending upwards in July and August
Summer staycation destinations like Cornwall and Devon could struggle this year, as business on the books, as of 24 June, is trending below last year’s performance, according to ST...